Axpo Iberia and ENGIE España have been appointed voluntary market makers in the MIBGAS electronic trading platform for the second semester of 2020, as stated in the corresponding Resolution of the Department for Energy Policy and Mines. It should be also noted the fact that both companies have joint experience in performing this market revitalization role in MIBGAS since the second half of 2018.
The task of the (voluntary) market maker is to stimulate the growth of the liquidity of natural gas wholesale markets by means of achieving the continuous presence of purchase and sale offers on the platform’s screen, specifically in the continuous market.
Axpo is the largest renewable power producer in Switzerland and leader in wind and solar energy trading. With more than 5,000 employees and operating in more than 30 countries in Europe and the United States, the company develops innovative solutions based on 30 years of experience and focusing on its innovation capacities for gaining a sustainable energy future.
Axpo Iberia manages the main independent portfolio of renewable plants in Spain and Portugal offering services and products in both, as power supply, energy efficiency and power, gas, biomass and CO2 trading.
ENGIE in Spain (www.ENGIE.es), with more than 2,300 employees, is the strategic partner in energy matters that accompanies its clients in each challenge. Its differential value is its capacity to design, operate and maintain facilities, including the supply of energy required in each stage. ENGIE in Spain offers its clients the best integral solutions adapted to their needs, thanks to the knowledge acquired by its wide network of energy experts and multi-technical services.
ENGIE is also committed to developing and delivering energy solutions for its clients based on energy efficiency. The company has a strong position in the gas chain and renewable and thermal energy sector, in particular in Spain: combined natural gas cycles 2,000 MW and renewables energy 669.8 MW (84 MW hydro, 51.8 MW photovoltaic and 534 MW wind).